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the local economy a boost in the process. >> there are a lot of other satellite businesses that depend on us growing, too, so this project, you know, there were several hundred people that, you know, went to work bringing the electrical, the construction, all those other pieces here to support our efforts to satisfy our customers. >> reporter: among those other businesses, barry swenson builders, busting out of the construction slump with more tech industry-fueled south bay real estate projects than they've seen in years. >> absolutely. and actually a little by concerned about what we're going to do come late spring. >> reporter: because? >> because we have so much volume at this point, and just want to make sure that we have the right people in the right places to make sure those jobs get done correctly. >> reporter: the busier they are in here, the busier they'll be out here. >> we think it hopefully will continue into the next couple years. >> reporter: gradually building up the local economy. now, the jobless rate for the entire country came in today at 7.0%. the lowest rate we've seen i
big story in the news the u.s. economy and jobs. positive news that more than 200,000 jobs were added in november. and the unemployment rate has fallen from 7.3% to 7%. that is a five-year low, down from a peak of 10% four years ago. wall street liked what it heard. the markets finished up across the board today. nbc's tom costello reports tonight on where the jobs are showing up. >> reporter: 24-year-old eddie christian is one face of an improving economy. after graduating from college and spending nine months searching for a job, he just landed at starwood hotels working in human resources. >> the fact that i have a sense of security o in a full-time job and the fact it's in my field, i feel lucky. >> reporter: employers added more than 200,000 jobs for each of the last four months. in november, many were good-paying jobs. 40,000 in education and health care. 27,000 in manufacturing. 17,000 construction jobs. so they're coming in the right places. they're coming slower than people wanted, but don't forget. we came from a very, very dark place. and so the light is starting to shine.
to start a union. the east bay alliance for a sustainable economy says fast food workers make an average of just under $9 an hour, half of them have to use public assistance just to make ends meet. fast food restaurants say if they raise workers salaries, customers will have to pay more for their meal. >>> some good news about the economy. economists double-checked their numbers and decided business in america was better in the third quarter than they first thought. scott mcgrew, good news for the economy, though. doesn't necessarily mean good news for wall street. >> no, it doesn't, laura, because investors worry perhaps the fed will taper off easy money nor quickly, right? it's been all that easy money, the quantity takive easing, which has been supporting the markets. now, add to that more good news. first time jobless claims fell in its weekly report this morning. tomorrow morning we'll get the monthly jobs report. twitter has appointed a woman to the board of directors this morning. now, normally to be honest, i don't pay that much attention to gender of people, but twitter has been
,000. the job gains helped lower the unemployment rate from 7.3% in october. the economy has not generated an average of 204,000 jobs from august through november. that is of some 159,000 a month from april through july. >> nelson mandela will have a states burial on december 15th. slacks or around the world are at half staff in tribute to a man many call a giant for justice. nelson mandela, the former south african president and nobel peace died yesterday at his home in johannesburg at the age of 95. this is video of his supporters outside of his home. south africans drapes in flags and images of mandela get on the streets to sing and dance. mandela's body is not a military hospital in pretoria, head of a state funeral and a little more than a week from now. >> the chp has issued a statewide amber alert for a 14-year-old girl believed to have been abducted by a man in kennewick, washington. 19-year-old eduardo flores- rosales on the right is suspected of abducting elizabeth romero on the left on wednesday afternoon. romero is described as a hispanic girl standing 5 feet 3 inches tall, wei
of discontent that ended apartheid. >> and the positive report on the economy that sends a financial market soaring. >> michael finney will answer questions here live in just a few minutes. >> and taking a look at your skyway traffic on your friday, coming up on 4:ten traffic on the right headed down to the peninsula and moving to those whoworried...... poked and prodded... taken risks... and lived in a state of "what if?"... welcome to a new state... of health. welcome to covered california. the place to find quality, affordable coverage. financial help for those in need. and nobody can be denied because of a pre-existing condition. enroll now at or call 1-800-752-6631. >>> people across south africa are remembering the late nelson mandela today. mourners have been gathered all day. krur taking a look there. they've built a wall of flowers and messa messages these are live pictures from outside of the home. >> south after yak's president announced a series of events to honor mandela. sunday will be a national day of prayer and reflection. tuesday a memorial service in a stad
take a look at the menu. an economy jobs report, wall street can dance. hiring is up and so is stocks. we will go inside ebay today and find out how the auction site ashley is all it top talent. politics? budget? d-day is upon us and congress does not know if they will be able to make the deadline. wet is next week. in sports, are told about the nike deal. an exclusive interview. finally, bottoms up. we will learn how to taste a $2000 bottle of whiskey. let's get to the economy in the november jobs report. new jobs, 200-3000 knitted. the unemployment rate is down to a five-year low. >> this month came in at 7.023%. point/10 of a percentage below a six handle. the fed has been talking about exploit five percent and that is their threshold. we are getting awfully close to will not only spark taper talk but also a lot people out there that the job market is getting better. if they see in december we fall to a six percent number. so a jobs report that causes the fed to taper talk a little sooner. you might think that would freak out wall street. not the case. stocks are rising today. it i
.s. economy has been lifted a 2%. more good deals, a drop in weekly unemployment. the economy seems to be getting stronger. there are concerns the defense would in their stimulus. >> the time is 6:30 a.m.. we are continuing our team coverage of the freezing temperatures this morning pripet >> we have had temperatures get down to the teens. here's a live look from mount tam cam. it looks nice but it is not selling ice. the temperatures are colder, the coldest spot is vallejo at 19 degrees. if we're also sending new record lows. napa but set a new low at 21 degrees. livermore is at 28 and these as some of the coldest spot on this thursday morning pripet a lot of us are below freezing including san jose at 30 degrees. pleasanton is that 28 had richmond is the 34. the same deal for redwood city. san mattel is also very cold at 29 degrees. the coldest reading certain the north bay. we are seen temperatures falling in the teens for the coldest spots. it will be slow to warm things up but we will see a lot of sunshine. the temperatures will top on a low 50's. upper 40's for the inland loca
projected travel will be down 4% to 3 million travelers. the economy may be improving but not fast enough for some. triple-a travel is projecting a 3.7 in air travel this year. >>> one of the apparentlies heading out of sfo. a group of kaiser medical professionals, they left a few hours ago for the philippines to take care of typhoon victims. one nurse says her young daughter is supportive. >> my 11-year-old said mama those kids over there might not get christmas t is okay that we don't. >> team members are volunteers and many helped out after the earthquake in hatey and after hurricane katrina. >>> a family of veteran detained in north creia says he appeared to be in good health. -- korea says he appeared to be in good health. the north is accusing him of hostile acts during the war. swedish ambassador visited him in a hot skpel newman says had sebeing treated well. >>> a teen shot and killed by a sheriff's deputy may have a memorial park created in his honor. lawmakers will meet tuesday to discus requests from the community. a deputy shot 13-year-old andy lopez in october because he mis
about the economic recovery. brian? >> john yang on the economy from chicago for us tonight. thanks. >>> big story today that came out of last night. jeff bezos, founder and head of unveiled what he hopes will be the next big thing. delivery by drones. small package delivery by drone, federal regulations permitting. no one know ifs the idea will fly. no one knows yet if that will fly, but drones have moved in to stay in a lot of places. a lot of places. in war zones overseas they carry hellfire missiles. in studios like this one, hd cameras. along with limitless possibilities. and that, for some, is the problem. janet shamlian is live for us tonight at the amazon warehouse in arizona. janet, good evening. >> reporter: hi, brian. as quickly as the packages are moving through tonight, amazon is making big promises about even faster delivery in the future using drones. the tech giant would seem to have the resource bus some fear safety and privacy. the video had the internet abuzz. the drone buzzing over a field, landing at a customer's home and delivering a package ordered
children to build their own businesses because later on we want to change the economy. even out distribution between low, middle and high income. >> when >> if you ever played sims it works the same way. idea won as vad vido game award of the year. >> forget right brain left brin thinking. researchers at university of pennsylvania yoused brain imaging to show how brain cells are connected. this is a male brain. compare that to women. panning down here, they're more concentrated. researchers say this shows women are hard wired for thinking and men hard wired for perception and action. showing a woman is likely to use her entire brain the man uses just half of his. >> half on a good day. >> coming up, operation santa hod ewelcome to covered california. now, you can no longer be denied coverage because of a pre-existing condition. enroll today at >>> coming up, third time is a charm. how michael finney was able to give a woman a wheel share she needs >> and efforts to build a car in a day the company promising a finished product by 6:00. be sure to see if workers mak
jeopardized this nation's middle class and urging washington to take steps to ensure the economy works for everybody. >> child born in top 20% has about a 2 and 3 chance of staying at or near the top. a child born into bottom 20% has a less than one in 20 shot at making it to the top. >> the president is also calling for a hike in the federal minimum wage saying increase would be a good step for families and the economy. right now it's 7:25 per hour, democrats pushed to increase to $ten per hour. >> a new study finds what children flern preschool may keep them from dropping out late scombrer away from crime. they did find children who received quality preschool education did better in reading and math in kindergarten but had better social skills. >> it's about paying attention, about controlling your impulses. about sharing. about regulating your behavior. it's those character skills that are going to make you an accessible citizen. >> early school successes have a chain reaction. kids who are success envelope kindergarten do well in third grade and children who perform well in third g
control to local districts but they said schools could be in for a shock if the economy takes another hit. >> one thing, the state's revenues grow and it has sustained growth. >> the audit says districts may struggle with the cost of adopting a new curriculum next year. >> lot of students in poverty. >> auditors question whether funding increases will be enough to keep the university of california and cal state affordable. he said it is a strange day when efforts to ensure every student graduates with college are labeled as high risk. >>> in 2 minutes asking businesses to buy their own names back. why one man claims he owns the rights. >> the trend of freezing temperatures forcing people to bundle up across the bay area. coming up, if the fridged conditions continue into the weekend. >> why some say this ad is offensive and others are supporting it. [ male announcer ] this is a leather-wrapped steering wheel. this is a heated leather seat. this is a secret storage space. this is another. this is 8.4 inches of go-anywhere. this is 20 inches of water-fording talent. this is armor. this is 3
as for the dow jones. we are getting more respect the u.s. economy grew 3.6% and lot better than the 2 percent that we have mostly been saying. we're seeing more good nils that the economy is wrapping up. " this is on the lead to another drop in stocks. >> will be right back. [chris]still smoking up a storm? [tom]yeah.pathetic,isn't it? [chris] ever try to... [tom] quit?of course! my best time was six days. the worst was ...uh...23.4 seconds. [chris] so can i ask you... [chris & tom] why are you still smoking? [tom] [sarcastic] "it's so much fun." [chris]why not call the smokers' helpline? the program's free,and... [tom]and they'll tell me..."you oughta quit." [chris] not so. just tell them you're ready to quit. then,they'll tell you how. [tom] really? you wouldn't have that number on you,would you? >> the time is 8:57 a.m.. coming up on the kron4 morning news. freezing temperatures all over the bay area and even some black ice. we will have a team coverage coming up. >> an officer involved shooting shut down interstate 5 in stock sun this morning. we will have an update. >> a shocking and vid
. >> workers take the jobs because they are desperate in an economy that is not creating enough work for people with want to go to work and not creating enough middle class jobs. >> this is the demonstration in oakland back if october and if the minimum wage went up to $15 food prices would go up and there would be fewer jobs. last month, president obama said he would back a senate measure to raise the federal minimum wage to $10.10 an hour and san francisco and san jose heard pay $10 or more an hour. >> a report card is due for bart police show how well they have implemented changes in the wake of the oscar grant shooting five years ago. bart police will receive grids -- grades on 55 changes recommended with calls for bart miss to improve rider state, increase visibility, and provide proper training to employees. the bart board will be briefed on the train break down in the berkeley hills tunnel and consider bart fare changes. >> the agency that oversees development in the san francisco way has launched a remain for am investigation into google secret barge at treasure island. right ares is re
children. >>> more positive news about the economy has investors worried the federal reserve might scale back its stimulus effort soon. traders are also awaiting tomorrow's big employment report for november. taking a live look at the big board, the dow is down 67. the nasdaq down 5. and s&p down 7. >>> for the first time, twitter has named a woman to its board of directors. 66-year-old marjorie skardino will join the board immediately. she was the former ceo of pearson and former board member at nokia. twitter has been criticized for the lack of diversity on its board. >>> today, uc berkeley is expected to announce a new naming rights deal for the field at memorial stadium. under the 15-year, $18 million deal, the field will now be called kabam field. kabam is a video game producer for mobile devices. the money will be used to help pay off the $321 renovation and earthquake retrofitting of memorial stadium. >>> excellent attendance good classroom behavior are paying off for 200 oakland school kids. the howard elementary school kids are being treated to the zoo and met some as players. s
dropped 4. the economy grew at 3.6%, higher than previously estimated. investigators are worried built fed that it may soon reduce its efforts. >>> some scary moment where is a student brought a loaded shotgun to campus. no one was hurt, but parents were let down because of how the situation was handled. >> reporter: parents and students of phillip andal -- sala acsemademic school discovered a loaded sawed-off shotgun with extra alamo inside an unattended backpack. a 16-year-old student was pulled from class and admitted bringing the gun. he was arrested and faces multiple weapons charges. >> we don't have any information that was his intent at this time we believe he brought it for his own protection. >> police say the school did not need to be locked down because the weapon had been confiscated. a letter posted to the web site says no other students were involved and safety is a top priority. a administrators mailed the parents. >> what are the protocols? what's going to happen to make sure this won't occur again? they're doing a weapons check. school district officials did not return ou
the u.s. economy has been created over $200,000 a month. this is very good nils because the job market is strengthening. wall street is reacting positively. the >> we have been dealing with subfreezing temperatures. are you ready for the rain and snow? i will have a full detail of what to expect. [uncle]this is hopscotch,okay? uncle go one,two,one,two,one two,one. [niece]okay! [uncle]okay? [niece]one,two three,four,five,six,seven,eight! [uncle laughing] okay,we go the other way,okay? [niece]one,two,three,four,five, six,seven! [uncle laughs]there's ten spaces,you want to try again? [uncle]yeah? tell me you can'wait for christs. and you appreciate the things io. because we'll ways be a famil tell me i bring out the best iyou. ♪ that you're thankful ♪ that it won't be theame without me tell me you love m even if you say it every d. just tell . [ female announcer everyone you love has someing they need to hear this holid. tell them with a hallmark card >> welcome back. we are watching the weather perry ed there is an ice storm out of dallas. the traffic is just box of the roadway, thei
. >> the question is how would this affect the economy? some would say it would hurt small businesses. but also it can spur the economy because workers will have extra money in their pocket. >> we always have these studies. you can get a study to say anything you want. i looked at three, one from university of mass, one from the industry and one from university of california. they say it could raise the price of a hamburger from 10 to 30%. instead of $3 it could be $3.20, $3.30, $3.60. are americans willing to pay that? that's the question. if you want americans and american wages are you going to pay for it? >> there is a look of maybe keep it with inflation. have the wage increase with inflation through the years. that's one of the things they're talking about. >> that's also a good way to get out of it politically because rather than having it vote to increase it, it just goes up. >> then the prices do too. >> we'll be talking about that in the next half hour, if there is a fair increase on the way. >> the city where electronic cigarettes are banned in places and why this could be the start
fell to 7%. the strengthening economy is good news for the president. but he may not be getting much credit for this because so many working americans are not feeling any improvement. >> reporter: it's more proof that the u.s. economy is heating up. according to the latest job reports, 203,000 people found work in november and the unemployment rate dropped sharply to 7%, the lowest level in five years. add to that that the economy grew in the third quarter faster than it was initially thought and it's no wonder that the white house wants monther. but analysts warn this warming trend is leaving too many americans out in the cold. >> if you're wealthy, you're feeling it. if you're in the middle or the lower end of the economic spectrum, you aren't. >> reporter: just look at the numbers. while the economy has recovered millions of lost jobs since the great recession, 6 in 10 americans say things are going badly in the country that's because with this recovery, there are two americas, wall street is booming, ending the week on a strong note. even as fast food workers were marching in the
of our time making sure our economy works for every working american. the opportunity gap in america is now as much about class as it is race. that gap is growing. so if we're going to take on growing inequality and improve upper mobility for all people, we've got to move beyond the false notion this is an issue exclusively of minority concern. >> good morning major garrett at white house. >> reporter: good morning charlie, norah, viewers out west. he gave the speech of what he believes an obsession republicans have to prosperity. the white house disagrees on this issue coming front and center in the next couple of weeks. congressional negotiator democrats and republicans on capitol hill are trying to figure out a way to avoid the second round of across the board spending cuts otherwise known as sequestration. those cuts would harm the push for better economic growth and wage equality. another push from the president, renewed push for higher minimum wage. currently $7.25 an hour. the white house backs the democratic proposal to raise to $10.10 an hour. these are
is improving and the economy is growing at its fastest pace in more than a year but stock traders are worried that means the federal reserve is closer to pulling back its stimulus. that $85 billion-a-month bond-buying program has been helping to power this year's record-setting run in the stock market. the fear of a fed pullback led to another market decline yesterday. here's a look at the closing numbers. the dow jones industrial average dropped 68 points. the nasdaq composite declined nearly 5 points and the s&p 500 index dropped for the fifth time in a row yesterday, matching its longest losing streak since september. it closed down nearly eight points apple has come up with a way to track where you are located, while you're inside one of its stores. starting today, the company will begin using i-beacon, an app that sends you messages tailored to where you are inside the store. one day, commuters might get information on subway delays as they stand on the platform, while museum visitors might get details on the painting they are standing in front of. of course, this raises privacy concerns
's a good day for the online shopping economy. plus -- actor will ferrell is accustomed to making appereances. >> pam: but this time he took it up a notch! how a town in north dakota got a surprise guest anchor. get on board for better sleep. it's sleep train's interest-free for 3 event! get 3 years interest-free financing on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. plus, get free delivery and sleep train's 100-day low price guarantee. you'll never find an interest rate lower than sleep train's interest-free for 3 event, on now! superior service, best selection, lowest price, guaranteed! ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> reporter: 4 of 53 tellers have cyber monday specific deals. let your fingers do the shopping. cyebr monday.the monday after thanksgiving. has become a fixture in the holiday shopping terminology. >> reporter:and early indications that online up more than 20 percent compared to the same day last year. analysts say almost a third of all internet shopping traffic is being done on mobile devices like phones
on the economy. adp says it was a gain of 215,000 jobs in november. that was about 30,000 more than what was expected. adp also hiked its october number considerably higher. that bodes well for the jobs report that comes out on friday. if we see a conversation that we saw in october that could finally push the reserve into tapering its monthly bond purchases. it meets later this month. that's the been speculation that's been going on for months now. looking for better signs in the economy we are starting to see that happen. that's leading to selling on wall street. couple of companies that did well yesterday despite some selling were apple and tesla. tesla shares shot higher by 16% after german regulators cleared any manufacturing defects from those model s fires and apple shares went up about 2.5% on reports it's struck a deal with china mobile the biggest wireless carrier in china. the numbers are pulling back today. let's look at the big board. right now the dow is lower by 43 points. nasdaq is down by about 8. s&p falling by 6. and tesla shares are down 3%. apple down by .5%. back to
an economy are blooming for people with access to greater education, more experience in high-tech industry, and not necessarily people who are in our neighborhoods. >> reporter: gabriel metcalf of the san francisco planning and research association understands the apprehension. >> people are really afraid especially renters like me if you lose your apartment, you have to move out of the city most likely. >> reporter: speaking of moving, a just released mayoral task force report estimates the city will need to spend $10 billion on roadways and transportation just to keep pace with the growth. >> we are going to be in for a world of hurt if we don't start aggressively investing in transit. >> reporter: are we looking at gridlock? >> yes. i'm already seeing it. >> on muni now, it has $2.2 billion in unfunded deferred maintenance. >> reporter: the building goes on and on and on with the next big project being the planned warriors arena on the waterfront which is enjoying a growing support despite critic charges that it's too big and will be a traffic nightmare. according to a new kpix 5/surv
actually we had some decent news on the economy. but this time of year things fluctuate a bit. right now the futures are fluctuating as well. could be a slightly lower opening but we will get a better read. market opens up. bell rings in an hour and ten minutes. >>> honda offering significant deals. dealers will get a $3,000 bonus for any extra car or truck sale. >>> coming up. two young children diagnosissed with cancer just days apart. how strangers -- >> i break down and cry all the time because i can't believe the generosity. >> how stringers and friends in pacifica are coming together to help. >>> and making it harder to buy tobacco. the surprising change one local city is considering. [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves pillsbury grands! [ girl ] make dinner pop! [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ pillsbury cookie dough. make the holidays pop! and why can you move the tv out here? the wi
to stimulate the economy. the new york times reports an announcement to cut the program could come next week. officials expect the nations economy to improve in the new year. that could put a stop to the big games on wall street over the past couple of months. the stocks were flying high friday after the announcement of a stronger than expected jobs report. the dow finished 198 points higher, the nasdac rose 29. and interesting information about the new rich in our country. a survey shows 21% of u.s. adults become rich for part of hair lives, earning a household income of a quarter million dollars or more at some point. those in the group made up of older professionals, working married couples, and educated singles usually make at least six figures a year during other periods which is in the top 20% of earners. frank and michelle? >> okay, wendy. well the world will have a new biggest airline today, right? >> it's going to be in the u.s.. american airlines will merge with u.s. airways when their deal goes through later today. the government had tried to block the merger. the deal will lift a
+ point yesterday. watching wall street with our financial expert black. people say if the economy is doing better the federal government will start tapering its bond buying. >>: housing numbers have been pretty good. we will take a look at those tomorrow. trucks and all those great. chrysler reported about 16 billion run away per year. that is a number we never thought we would get back to. so that's the story. the market is expanding. a little fear of the fence. we still know this company like this company. i think the bull market has another year plus to go to get twice earnings. i think we have another year but i think we're going to see some consolidation between now and then. >>mark: are is it the thought that we will get a slow rise in interest rates rather than a big jump. >>: yes and no. it's fascinating to look at. for the average person they are probably bored out of their mind bridge the average person at home the federal reserve has lowered the overnight lending to zero. the treasury bonds has proved up to 25262728 but the overnight is still almost as 0%. until we get
in any startup, any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we're going to just fix it. >> the white house expects a big traffic surge to the website in a few weeks. and that's when consumers will probably rush to get insurance coverage by january 1st. >>> we're seeing startling new images of a wrecked commuter train in new york city as the engineer reveals new details about the deadly crash. >> a warning for tourists on the island of maui. the troubling trend that has wildlife officials so concerned. ,,,,,,,,,,,,,,,, boston that gutted a five s building overnight. within >>> it took more than a dozen fire engines to battle a raging fire in boston that gutted a five-story building overnight. within minutes, flames were shooting out of control blowing out several windows. according to officials, janitors were inside when the fire started. they were able to evacuate safely through a back door. no one was injured. >>> autopsies are scheduled today on actor paul walker and his business partner, who both died in a fiery crash. this is spe
in just a moment ago. the u.s. economy grew faster than expected in the third quarter and that's some good news. jobless claims are down, layoffs slow and unfortunately as we head to the holidays, a lot people end up losing their jobs and it may not be as bad as we have seen in past years. we will keep an on eye things. >> thank you for joining us on the morning ktvu channel 2 morning news news. >> i am pam cook, let's check with steve paulson on the forecast. cold, cold forecast. >>> 11 degrees and napa has set a record already, the one coming in 30 degrees oakland tied at 35, livermore does not look like they will set a record, and walnut creek, west of let loom, a lot of 30s and it is bitterly cold out there. tomorrow it will be cold, records there has been a bun 15 set. very low 50s, here is sal. >>> we do have some slow traffic out there and i want to mention we have a crash on whipple which is blocking lanes and traffic is backed all the way to san leandro so please give yourself extra time and it will be slow as you drive through. southbound 101, let's go show you live picture and t
recession. but what kind of jobs is the economy creating? an ice storm causes havoc t middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor everyday and at the end of that walk there was no freedom, there was this. >> reporter: with bob simon on the moment he was free. >> after 27 years, his head was high and his fist was clenched.
news on friday the u.s. economy has added about 2000 jobs a month for the past three months and the u.s. employment rate patrick fell from 7.3 to 7%. the federal reserve will start tapering back to its massive bond buying program by the end of the year. in fact the fans got over three + six trillion dollars on its balance sheet right now. at a recent survey suggests economists think 62 percent of them think the bonds will be tapering at the end of 2014. another third the% thinks it will happen in the second quarter. it's like to be kind of ugly as the festers to taper is bound by program. the real concern is what will happen with interest rates. we get a jump or rise slowly. >>anny: of 2014. a new survey from the associated press finds one in 5 americans become rich for parts of their lives. the group is made up largely of older professionals, working married couples and more educated singles. many of them earn a household income of $250,000 or more at some point. they are liberal on issues like abortion and same sex marriage, but they are also wary of any government role in closing t
great, can you tweet about the results? or is it too big? >> we can see it. in europe, the economy was slowing down. we had to compensate. generally the team really fights when those things happens to try to compensate for the macro. >> how do you compensate? >> be more aggressive and getting more merchants and doing more promotions. when we have macro events, they try to compensate. >> it is hard to see anything at a macro level. what are you staying in terms of the economic environment in the u.s.? >> this quarter was slow to start, right? look at the holiday shopping, it was pushed late. other than that, i think things are looking better and better. >> you have done so many acquisitions and have launched many products as well. john donahoe was excitedly showing this beacon. how do you describe it? >> we want to change how people shop. people love shopping, but they hate paying. >> and it is not just because they are cheap? >> no. everyone is like that. we want to remove that friction and make it completely invisible to pay. with beacon, we did that. you can go into a coffee shop
, we saw that the economy was slowing down. we had to compensate. the team really fights when those things happen to try to compensate for the macro. we try to compensate by being more aggressive and getting more merchants and doing more promotions. we are their share of checkout volume. when we have macro events, the team tries to compensate. >> in the u.s., your growth is hard to see at a macro level. what are you seeing on the economic environment? >> this quarter was slow to start. if you look at the holiday shopping season, it was pushed late. other than that, things are looking better and better. >> you have done so many acquisitions. talk to me about beacon. we were just talking about this. how do you describe it? >> we want to change how people shop. people love shopping. they hate paying. >> is that because they are cheap? >> everybody is like that. we want to remove the friction and make a completely invisible to pay. with beacon, we did that. you can go into a coffee shop, like you did, and you just walk in. your phone vibrates, so you know you are checked in. your photo
believes the improving economy will help it regain its share of passengers. >>> volunteers from the san francisco spca will begin visiting the airport this weekk with eight certified therapy dogs. they wear vests that say pet me. the aim is to relieve stress for travelers. >>> as football playoffs approach, beware websites that would sell you a ticket for that sold out game. a seattle seahawks fan is very upset after buying fake tickets from a man who advertised on craigslist. the tickets for tomorrow's game look real. but when she had her son make the same call as a test, he was offered the exact same seats. the cost? $225 each. >> i had to take out some of the savings money for the tickets for my kids. this was part of their christmas gift. >> police told her there is nothing she can do to get her money back. >>> some parents are excusing to unschool their children with a nontraditional form of learning. the school's founder says even colleges are catching onto the idea that tests aren't everything. >> colleges are starting to realize that students are like, is this going to be on the
like big items like cars or art, when it comes not fluctuating economy of california you never know when a simple cyber monday purchase could come back to haunt you. >> of course, there have been moments where they kind of needed every dime they could get. >> reporter: earlier this year, the senate passed a marketplace fairness act which would require retailers with over a million a year in sales to collect state tax but the bill is stalled in congress. and it's being rewritten. >> what do you do if you go to a site and there is no place for sales tax? in other words, you can't add it on there. they don't charge sales tax. >> reporter: a lot of companies especially smaller companies aren't required to collect this at the point of sale so you actually have to keep the receipt and when you pay your income taxes you have to say -- [ laughter ] >> -- i purchased this. >> i'm going to turn myself in? >> and pay this. >> if you don't, the state could come back and force you to pay retroactively charge you penalties. right now, it's probably only going to happen on big ticket items but yo
's as the economy improves, there's still so manpeople out there suffering. >>> it is gog to be cold. let's get the latestor u. >> spenc christian is tracking it. spencer? >>> yes, the cold snap will make us quickly forget about the mild spell we just had. live doppler 7 h.d. up north, a shrinking area of light rain. it was a much wider area earlier moving south of eureka toward mend cito county and the bay area. not the possibility of showers we're concerned about but thea, rival of very cold air. a freeze watch is in effect for tuesday night, tomorrow into wednesday morning for the north bay, the strait and lta. subfreezing temperatures will be spread all across this area. possle damage to sensitive plant and exposedpipes. now the following morning or night, wednesday into thursday morning, the freeze watch expands to virtually all of the bay area with the exception of safrancisco. it will be even colder with still freezing temperatures spreadg southward. there's an increased risk of hypothermia. as we look liverom the east bay hills camera, here's the projected morning low temperatures for t
. >>> 7:45. happening today at the white house, president obama will talk about the economy this morning. he will focus on the income gap between the rich and the poor. he will say that income in equality and shrinking economic mobility are a fundamental threat to the american dream. he will also call for increasing the minimum wage. he's due to speak at 8:15 this morning. ktvu will provide coverage of his remarks right here on "mornings on 2." >>> about 1.3 million unemployed americans could lose federal jobless benefits starting january 1st. emergency jobless benefits for long-term unemployed people are due to expire at the end of the year unless congress appears to extend it. that doesn't seem likely right now, especially since many republicans are against it. the federal unemployment insurance kicks in for laid-off workers who use up the standard six months of state-funded compensation. >>> 7:46. it looks like human error could be to blame for last sunday's deadly train derailment in new york. a rail workers' union says the engineer, william rockefeller, admitted to losing focus and
president obama will talk about the economy at 8:15 this morning. he will be focusing on the income gap between the rich and the poor. he will be saying income and equality are a fundamental threat to the american dream. the president will also call for raising the minimum wage. president obama is due to speak at 8:15 this morning. ktvu will provide coverage of his remarks coming up on mornings on 2. >>> also this morning california republicans are defending a website one that criticizes the new health care law. the democrats say taxpayer money should not have been used to create that website. democrats are also saying the website created by republicans and the state assembly looks too much like the real website for the state's health care exchanges. and could prevent some users from signing up. the republican website has links to media coverage detailing problems with rollout of the health care law. >>> fighting to stay open. the new challenge san francisco city college faces. >>> also a relative of president obama has his day until court. a judge decides if he must be deported or if h
are putting the affordable care act under the microcope. >> reporter: president obama discussed the economy in washington while pushing his campaign to get americans to sign up for the affordable care act. >> 3 million young americans have been able to stay on their parent's plans. >> reporter: hearings on capitol hill. one, looking at the botched roll out and its effect on taxpayers. >> no one has been held accountable for spending on a website that didn't serve the american people. >> reporter: the other, looking at how patients will be effected. >> this is an enact science here and it will involve billions. >> reporter: 1 million people visited since the upgrade. supporters say it is following a path to medicare and social security. >> early set backs were resolved. critics were proved incorrect and these programs are popular with the american people. >> reporter: another worry, is the website security. a report said it may be vulinable to fraud. >>> a christmastime preddant. the man accuse -- predator. the man accused of killing a man for a playstation 4. how the victim t
americans are getting jobs, which reflects growth in the economy. the adp national employment report showed the private sector added 215,000 jobs in november, and that was more than expected. close attention will be paid to the november report, which is due out on friday. >>> it's cold out there right now. check out napa at 24 degrees. i've got a forecast for napa in the area around santa rosa, for overnight lows into the teens. napa could easily get down to 19 degrees tonight. even cooler. walnut creek, 26 degrees. right now, temperatures below freezing. the freeze warning in effect for everybody until 9:00 a.m. tomorrow except san francisco. interestingly enough, we still have light winds out there. these winds, when they die down, it's going to get colder. we're looking for records tomorrow. napa tomorrow could easily crush its record set in 1972. the records of 1972. livermore, 24. that breaks a record. oakland could break a record. san francisco could break a record. it is going to be one cold morning tomorrow morning. then on top of that, the next weather system coming in. the latest
of the economy. >> they are bad jobs, most of them. the jobs that are coming back pay less than the jobs we lost in the great recession. we have a growing army of low- wageworkers. >> reporter: but the story did not start with the recession. it goes back decades. >> starvation of wages and decline, in fact of many people's wage, has been going on since the late 1970s. we didn't really recognize that. >> reporter: instead americans found different ways to cope. in the '70s and '80s, huge numbers of women entered the workplace, partly to boost their family income. in the '90s, americans found themselves working longer hours. when they didn't work, people used their homes as piggy banks or backed out their credit cards. >> and now all of the coping mechanisms are exhausted. people have to face the fact that wages are going nowhere. >> reporter: that hurt the any for all of us. >> if they don't get paid more, they can't turn around and buy stuff. >> reporter: the cost that employers will not cover, that's picked up by you. >> rest of us subsidize the employers by paying for the medicaid and food sta
. >>> the dow lost 68 points. the nasdaq lost four. the economy grew faster than expected. >>> twitter has named a woman to its board of directors for the first time. 66-year-old margerie scardino is the former ceo of a communication company. in the past twitter has been criticized for the lack of women on its boards and top officials. >>> the -- this quilt honors 45 people who have died of aids. youth uprising says it's hosting the quilt to raise awareness for aids. >>> two schoolmates diagnosed with cancer just days apart. how a community is rallying behind the girls and their families. >> i break down and cry all the time because i just can't even believe the generosity. >> a freeze warning still in effect and winter weather advisory on the way. the unusual conditions still to come in the >>> a number of home burglaries in hercules could be the work of two teenagers. in all cases they happen during the day when the homes were empty. pry marks were found in front doors. one homeowner said he found cash and electronics missing. >> you have to take extra measures. >> another victim says he walk
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